The Coca-Cola Company cash flow statement

In fiscal 2025, The Coca-Cola Company's operations generated $7.41bn of cash; it spent $2.11bn on capital projects, leaving free cash flow of $5.30bn. It returned $8.78bn in dividends and $746m through buybacks.

Cash flow statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

The Coca-Cola Company: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMOct 2026
Cash from operations	8.2	9.5	9.5	10.6	10.5	10.6	10.5	8.8	7.0	7.6	10.5	9.8	12.6	11.0	11.6	6.8	7.4	16.2
Depreciation and amortisation	1.2	1.4	2.0	2.0	2.0	2.0	2.0	1.8	1.3	1.1	1.4	1.5	1.5	1.3	1.1	1.1	1.1	1.0
Stock-based pay	0.2	0.4	0.4	0.3	0.2	0.2	0.2	0.3	0.2	0.2	0.2	0.1	0.3	0.4	0.3	0.3	0.3	0.3
Capital spending	2.0	2.2	2.9	2.8	2.6	2.4	2.6	2.3	1.8	1.5	2.1	1.2	1.4	1.5	1.9	2.1	2.1	1.9
Free cash flow	6.2	7.3	6.6	7.9	8.0	8.2	8.0	6.5	5.3	6.1	8.4	8.7	11.3	9.5	9.7	4.7	5.3	14.3
Free cash flow after stock pay	6.0	6.9	6.2	7.6	7.8	8.0	7.7	6.3	5.1	5.9	8.2	8.5	10.9	9.2	9.5	4.5	5.0	14.0
Dividends paid	3.8	4.1	4.3	4.6	5.0	5.4	5.7	6.0	6.3	6.6	6.8	7.0	7.3	7.6	8.0	8.4	8.8	11.2
Share buybacks	1.5	3.0	4.5	4.6	4.8	4.2	3.6	3.7	3.7	1.9	1.1	0.1	0.1	1.4	2.3	1.8	0.7	1.0
Shares issued	0.7	1.7	1.6	1.5	1.3	1.5	1.2	1.4	1.6	1.5	1.0	0.6	0.7	0.8	0.5	0.7	0.3	0.4

US$ millions unless shown otherwise. Fiscal quarters.

The Coca-Cola Company: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Apr 2026	2026 Q2Jul 2026	2026 Q3Oct 2026
Cash from operations	3,951	−5,202	3,811	5,043	3,756	2,021	5,522	4,928
Depreciation and amortisation	276	267	279	268	236	264	266	253
Stock-based pay	79	63	67	74	75	56	61	77
Capital spending	803	309	442	479	882	266	418	379
Free cash flow	3,148	−5,511	3,369	4,564	2,874	1,755	5,104	4,549
Free cash flow after stock pay	3,069	−5,574	3,302	4,490	2,799	1,699	5,043	4,472
Shares issued	30	159	64	20	70	155	96	104

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from The Coca-Cola Company's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to The Coca-Cola Company.